68 Howe Street , Lewiston, ME 04240
Lewiston, ME 04240
Description
Exceptional Cash Flow Property with Major Upgrades! Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year. Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures. Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns! Key Features: 2 x 2-bedroom units, 3 x 1-bedroom units Gross income: $66,000/year Net income: More than $50,000/year New roof and efficient heating systems (3 years old) Natural gas heating and hot water Fully occupied with stable tenants Invest now and start earning immediate cash flow!
Details
| MLS# | 1605669 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1866 |
| Days On Site | 115 |
| Listing Provided By | Maine Source Realty | Dustin Mallar |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 4,811 |
| Basement | Y |
| Units | 5 |
| Zoning | DR |
| Acreage | 0.07 |
Market Activity 04240
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Learn More About This Property
| State | ME |
|---|---|
| County | Androscoggin |
| City | Lewiston |
| Zip Code | 04240 |
| Listing VS Median (in 04240) | |
Price: $415,000 low | high Med: $338,000 SqFt: 4,811 low | high Med: 1,856 $ / SqFt: $86 low | high Med: $182 On Site: 115 low | high Med: 11.000000 | |